Fuyo General Lease Co (TSE:8424) Debt-to-Equity : 6.21 (As of Dec. 2023)

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What is Fuyo General Lease Co Debt-to-Equity?

Fuyo General Lease Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,398,966 Mil. Fuyo General Lease Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,248,772 Mil. Fuyo General Lease Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円426,297 Mil. Fuyo General Lease Co's debt to equity for the quarter that ended in Dec. 2023 was 6.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Fuyo General Lease Co's Debt-to-Equity or its related term are showing as below:

TSE:8424' s Debt-to-Equity Range Over the Past 10 Years
Min: 6.21 Med: 7.69 Max: 8.5
Current: 6.21

During the past 13 years, the highest Debt-to-Equity Ratio of Fuyo General Lease Co was 8.50. The lowest was 6.21. And the median was 7.69.

TSE:8424's Debt-to-Equity is ranked worse than
97.2% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:8424: 6.21

Fuyo General Lease Co Debt-to-Equity Historical Data

The historical data trend for Fuyo General Lease Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fuyo General Lease Co Debt-to-Equity Chart

Fuyo General Lease Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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7.75

7.69

6.95

6.76

Fuyo General Lease Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															6.50	6.76	6.66	6.37	6.21

Competitive Comparison of Fuyo General Lease Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, Fuyo General Lease Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fuyo General Lease Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Fuyo General Lease Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fuyo General Lease Co's Debt-to-Equity falls into.

Fuyo General Lease Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fuyo General Lease Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1336840	+	1146283)	/	367181
	=	6.76

Fuyo General Lease Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1398966	+	1248772)	/	426297
	=	6.21

Fuyo General Lease Co (TSE:8424) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Fuyo General Lease Co Debt-to-Equity Related Terms

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Fuyo General Lease Co (TSE:8424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fuyo General Lease Co Ltd (TSE:8424) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FXL:Germany

Address

Nichirei Building, 3-3-23, Misaki-cho, Chiyoda-ku, Tokyo, JPN, 1018380

Website

http://www.fgl.co.jp

Fuyo General Lease Co Ltd is Japanese company which is engaged in leasing and installment transactions for machinery and equipment and financial transactions such as the provision of operating loans. The company focuses on using direct and indirect financing to procure funds for purchasing assets to lease or to sell through installment sales and for providing operating loans to customers. It has three reportable segments namely Lease and Installment Sales segment conducts leasing office equipment, industrial machinery and sells commercial equipment, production facilities, medical devices, and other assets on an installment basis; Loans segment which is engaged in commercial lending; and Other segment which invests in marketable securities.

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